Thinking out load what is the likelihood of FAR being taken out over the next 5 months as each of the following milestones are achieved ?
The longer this goes on over the next five months the more the likelihood of a TO.
- Now - (20% chance low ball offer hence the capper)
- PE parked in arbitration (25% chance low ball offer likely)
- Successful first well - (30% chance low ball offer likely)
- Successful 2nd well connectivity confirmed reserves upgraded - (50% chance reasonable offer)
- Official DOC declared development plan costed - (60% chance of a good offer)
- PE resolution in FAR's favour - (90% Huge chance of a high offer unless they have a backer !!!! )
Following this logic if FAR haven't got a backer there is a better chance of an immediate high return for all shareholders.
Food for thought !
AIMO
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Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
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No. | Vol. | Price($) |
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2 | 99195 | 48.5¢ |
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Price($) | Vol. | No. |
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49.5¢ | 2000 | 1 |
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No. | Vol. | Price($) |
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1 | 89195 | 0.485 |
2 | 150000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
1 | 23142 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 35200 | 2 |
0.505 | 18000 | 1 |
0.510 | 12672 | 1 |
0.515 | 120000 | 2 |
0.520 | 149917 | 3 |
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